How to Buy TikTok Stock The Motley Fool

what is tiktok stock symbol

A similar initiative, called Project Clover, was proposed to store European data in Ireland and Norway. TikTok has also been banned from government devices in many European countries. SoftBank participated in the same two funding rounds as KKR but sold a slice of its holding at a valuation of $220 billion in March 2023. What’s more, an early investment in any of the above platforms would have generated massive returns. Furthermore, the legal landscape about non-disparagement clauses is evolving, he said. For example, last year, the National Labor Relations Board ruled that overly broad non-disparagement clauses are unlawful in severance agreements.

  1. Most of that estimated value is attributed to TikTok’s algorithm and popularity.
  2. Back in 2020, many reported a potential TikTok Global IPO, but those plans have been scrapped.
  3. TikTok is a privately held company owned by a Chinese company called ByteDance, so it does not have a stock.

Based on similar companies, TikTok could trade somewhere around $100 to $200. KKR & Co, the company that owns a partial stake in TikTok, is trading for about ~$56. KKR & Co Inc is a public company that currently owns stock in ByteDance through a private funding round. So by buying shares in KKR, you’re getting a piece of the TikTok pie. It’s not a one-to-one investment in TikTok, but it is as close as you can get for now.

How to Buy Turo Stock How to Invest Pre-IPO

In fact, it was the first Chinese app to become the most downloaded app in the US. However, in February 2021, this tentative deal was indefinitely put on hold by President Joe Biden. This was in an attempt to judge whether any national security threats warranted banning or selling the brand. For example, TikTok has been banned several times in India due to criticism of the Indian government on the platform.

what is tiktok stock symbol

Facebook also owns encrypted messenger WhatsApp, which also hit the two billion user mark in July 2020. Unlike many other social media companies, Facebook actually generates ludicrous amounts of money. Facebook (or Meta as it is now called) is the single largest social media platform in the world and has over 2 billion global users as of July 2020. The AI algorithm combs through terabytes of data to find new and trending videos that would interest the particular user. The massive amount of user data that these algorithms gather is one reason why Donald Trump claimed that TikTok could be a potential threat to US national security.

Can you buy ByteDance stock?

The company’s shares have rallied to new highs this year as investors warm up to the potential of these initiatives and their positive impact on future growth prospects. Investors should watch for updates from Meta regarding the progress of its various projects that could provide further upside potential to share prices. Meta is focused on improving user engagement and driving advertising revenue through its platforms. Recently, Meta has also made strategic investments in emerging technologies such as internet infrastructure and artificial intelligence to expand its influence in the digital space further. Meta Platforms Inc. (Facebook) operates the largest social media ecosystem in the world. Meta owns four of the top social media platforms in the world,  including Facebook, Instagram, WhatsApp, and Messenger.

We provide all of the research and data needed to make informed decisions, so you no longer have to spend hours trying to find good stocks yourself. Galloway thinks Walmart plans to buy 7.5% of ByteDance’s American subsidiary TikTok Global to get access to TikTok’s algorithms. Galloway believes Walmart management plans to add TikTok algorithms to its Walmart.com eCommerce platform.

By the end of 2018, the company had a presence in 150 markets in over 75 languages. An international version of Douyin was created and called TikTok and was released in global markets in September 2017. It quickly became one of the most popular apps on both Apple and Google Play Store. Most recently, the company has opened a $300 million share repurchase program for employees at a price of $160 per share, implying a $223.5 billion valuation. On Public, you can Invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms. This would create more transparency and security, while still allowing the app to function in the U.S.

These algorithms could be used for all kinds of applications, such as marketing and sales. Some people speculate that the tech is so valuable that the Chinese government would stop the company from selling it. TikTok is a widely known social media app used for sharing videos. It allows TikTok users to create short videos and share them with friends, family, and fans. TikTok is 100% owned and controlled by ByteDance, a private Chinese technology company.

Pitfalls to avoid when buying stocks

It has more than $500 billion in assets under management, including $174 billion in private equity investments. Jessica is a published author and copywriter specializing in personal and investment https://www.dowjonesrisk.com/ finance. Her expertise is in financial product reviews and stock market education. Similar to TikTok, ByteDance is a privately held company, so you cannot directly invest in either of them.

You can, however, invest in KKR & Co Inc, which owns a stake in ByteDance. It’s not a direct investment, but it’s likely as close as you can get before we see a TikTok IPO. Meanwhile, though, you will have to make do by investing in other social media companies or KKR & Co Inc. Investing in social media is also risky due to the current political climate surrounding social media companies. Changes in legislation and company liability policies could greatly affect how social media companies develop in the next 5–10 years. Most social media companies operate at a net loss, though there are some exceptions — notably Facebook and Tencent.

Luckily, most brokers offer various funding options, including bank transfers and credit/debit card payments. Many people will assume TikTok Global will not make money because of the track record of companies such as Snapchat (SNAP) and Twitter (TWTR). Some observers, including the management teams at Microsoft (MSFT), Walmart (WMT), Oracle (ORC), and ByteDance, think otherwise.

How To Invest In TikTok

While you cannot own a share of TikTok at the moment, many social media platforms can be traded on the stock market. You cannot currently buy or sell TikTok stock, as it’s a private company. We’ll give the complete breakdown of TikTok, how to invest in it, and some competitor stocks that could be a solid alternative. Of the publicly traded social media companies surveyed here, only Facebook (FB) and Tencent Holdings (TCEHY) make money. The company’s daily active users (DAUs) grew by 5%, while ad impressions across Meta’s apps grew by 31%, as reported by Reuters. This growth in users and ad impressions is a positive sign for Meta’s core business model, which relies heavily on advertising revenue.

Meta (NASDAQ: META)

Being left out is costing him millions of dollars and qualifies as retaliation, he said in his complaint. Owned by the Chinese tech giant ByteDance, TikTok is a social media platform that allows users to create, share, and discover short videos set to music. Launched in 2016, the app has rapidly grown in popularity, boasting over a billion users worldwide. There are publicly traded companies similar to TikTok Global and ByteDance you can invest in now. Several social media companies offer similar products to TikTok Global. TikTok is not publicly traded because it is owned by Bytedance, a privately-held Chinese company, and eight other venture capital companies.

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